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Interest on home loan

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(Querist)
11 January 2012 is the interest paid on home loan 100% deductible even if the house property for which loan is acquired is for self occupied purposes?
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CA Navin Jain

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CA Navin Jain (Expert)
11 January 2012 yes, you can claimed the interest on home loan if its taken for self occupied home.
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
11 January 2012 The maximum amount of interest permissible in cases of self-occupied property is Rs.1,50,000.
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CA Deepak S

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CA Deepak S (Expert)
11 January 2012 Agree with Mr.Dileep
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DEEPSHIKHA AGGARWAL

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DEEPSHIKHA AGGARWAL (Querist)
12 January 2012 Sir wen the deductns r not actualy available hw can the co.s lure their employees through enhanced deductns
wudnt this b a case of cheatng
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
13 January 2012 yes , obviously..
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